Restricted Stock Units Clause Example with 16 Variations from Business Contracts

Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, also authorize the granting grant or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will shall be subject to all of the requirements, requirements contained in the following provisions: (a) a. Each such grant or sale will shall constitute the agreement by the Company to deliver Common Shares or Shares, pay an amount in cash, or pa...y a combination thereof, of Common Shares and cash to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include achievement regarding Management Objectives) during the Restriction Period as the Committee may specify. (b) b. Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything c. Each such grant or sale shall be subject to a Restriction Period as determined by the contrary contained in this Plan, Restricted Stock Units Committee at the Date of Grant, and may provide for continued vesting or the earlier lapse or other modification of the such Restriction Period, including in the event of the retirement, death, disability or termination or employment of service of a Participant or Period in the event of a Change in Control, retirement, or death or Disability of the Participant or other similar transaction or event as approved by the Committee; provided that in no event will a Restriction Period lapse early solely as the result of a Change in Control. 8 (d) d. Any grant of Restricted Stock Units may specify Management Objectives that, if achieved, will result in termination or early termination of the Restriction Period applicable to such shares. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of Restricted Stock Units on which restrictions will terminate if performance is at or above the minimum level, but falls short of full achievement of the specified Management Objectives. e. During the Restriction Period, the Participant will shall have no right to transfer any rights under his or her award and will shall have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will shall have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current or deferred and or contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. (e) Shares. f. Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will shall be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will Award, which shall contain such terms and provisions, consistent with this Plan, Plan and applicable sections of the Code, as the Committee may approve. View More

Restricted Stock Units. The Committee Board may, from time to time and upon such terms and conditions as it may determine, also authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, requirements contained in the following provisions: (a) Each such grant or sale will constitute the agreement by the Company to deliver shares of Common Shares Stock or cash, or a combination thereof, cas...h to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee Board may specify. Each grant may specify in respect of such Management Objectives a minimum acceptable level of achievement and may set forth a formula for determining the number of Common Shares subject to the Restricted -11- Stock Units as to which restrictions will terminate if performance is at or above the minimum or threshold level or levels, or is at or above the target level or levels, but falls short of maximum achievement of the specified Management Objectives. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything to the contrary contained in this Plan, any grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including Period in the event of the retirement, death, retirement or other termination of employment, death or disability or termination or employment of service of a Participant Participant, or in the event of a Change in of Control. 8 (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, the shares of Common Shares subject to the Restricted Stock Units, but the Committee may, Board may at or after the Date of Grant, Grant authorize the payment of dividend equivalents on such Restricted Stock Units on either a current, deferred and or contingent basis, either in cash or in additional shares of Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall be deferred until and paid contingent upon the vesting of such Restricted Stock Units. Stock. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in shares of Common Shares Stock or cash, or a combination thereof. cash. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee Board may approve. View More

Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each such grant or sale will constitute the agreement by the Company to deliver Common Shares or cash, or a combination thereof, to the Participant in the future in conside...ration of the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee may specify. (b) If a grant of Restricted Stock Units specifies that the Restriction Period will terminate only upon the achievement of Management Objectives or that the Restricted Stock Units will be earned based on the achievement of Management Objectives, then, notwithstanding anything to the contrary contained in subparagraph (d) below, the applicable Restriction Period may not be a period of less than one year. (c) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) (d) If the Restriction Period lapses only by the passage of time rather than the achievement of Management Objectives as provided in subparagraph (b) above, each such grant or sale will be subject to a Restriction Period of not less than one year. (e) Notwithstanding anything to the contrary contained in this Plan, Plan (including minimum vesting requirements), any grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including in the event of the retirement, death, death or disability or termination or employment of service of a Participant or in the event of a Change in Control. 8 (d) Control only where either (i) within a specified period the Participant's service is involuntarily terminated for reasons other than for cause or the Participant terminates his or her employment or service for good reason or (ii) such Restricted Stock Units are not assumed or converted into replacement awards in a manner described in the Award Agreement; provided, however, that no award of Restricted Stock Units intended to be a Qualified Performance-Based Award will provide for such early lapse or modification of the Restriction Period (other than in connection with the death or disability of the Participant or a Change in Control) to the extent such provisions would cause such award to fail to be a Qualified Performance-Based Award. (f) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on 12 such Restricted Stock Units on either a current or deferred and or contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall with restrictions that lapse as a result of the achievement of Management Objectives will be deferred until and paid contingent upon the vesting achievement of such Restricted Stock Units. (e) the applicable Management Objectives. (g) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) (h) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan Agreement and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. View More

Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each such grant or sale will constitute the agreement by the Company to deliver Common Shares or cash, or a combination thereof, to the Participant in the future in conside...ration of the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything to Each grant or sale of Restricted Stock Units may specify the contrary contained in this Plan, period or periods of continuous service by the Participant with the Company or any Subsidiary that is necessary before the termination of restrictions on such Restricted Stock Units, and any such grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including in the event of the retirement, death, death or disability or termination or employment of service of a Participant or in the event of a Change in Control. 8 Notwithstanding any provision of the Plan to the contrary, 9 no award of Restricted Stock Units intended to be a Qualified Performance-Based Award will provide for such early lapse or modification of the Restriction Period (other than in connection with the death or disability of the Participant or a Change in Control) to the extent such provisions would cause such award to fail to be a Qualified Performance-Based Award. (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the Common Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current or deferred and or contingent basis, either in cash or in additional Common Shares; provided, however, provided , however , that dividend equivalents or other distributions on Common Shares underlying Restricted Stock Units shall with restrictions that lapse as a result of the achievement of Management Objectives will be deferred until and paid contingent upon the vesting achievement of such Restricted Stock Units. the applicable Management Objectives. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan Agreement and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. View More

Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each such grant or sale will constitute the agreement by the Company to deliver shares of Common Shares Stock or cash, or a combination thereof, to the Participant in the f...uture in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. 6 (c) Notwithstanding anything to the contrary contained in this Plan, any grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including in the event of the retirement, death, death or disability or termination or employment of service of a Participant or in the event of a Change in Control. 8 Control; provided, however, that no award of Restricted Stock Units intended to be a Qualified Performance-Based Award will provide for such early lapse or modification of the Restriction Period (other than in connection with the death or disability of the Participant or a Change in Control) to the extent such provisions would cause such award to fail to be a Qualified Performance-Based Award. (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the shares of Common Shares Stock deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current or deferred and or contingent basis, either in cash or in additional shares of Common Shares; Stock; provided, however, that dividend equivalents or other distributions on shares of Common Shares Stock underlying Restricted Stock Units shall with restrictions that lapse as a result of the achievement of Management Objectives will be deferred until and paid contingent upon the vesting achievement of such Restricted Stock Units. the applicable Management Objectives. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in shares of Common Shares Stock or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. View More

Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: (a) Each such grant or sale will constitute the agreement by the Company to deliver shares of Common Shares Stock or cash, or a combination thereof, to the Participant in the f...uture in consideration of the performance of services, but subject to the fulfillment of such conditions (which may include the achievement regarding of Management Objectives) during the Restriction Period as the Committee may specify. (b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on at the Date of Grant. (c) Notwithstanding anything to the contrary contained in this Plan, any grant or sale of Restricted Stock Units may provide for continued vesting or the earlier lapse or other modification of the Restriction Period, including in the event of the retirement, death, death or disability or termination or employment of service of a Participant or in the event of a Change in Control. Control; provided, however, that no award of Restricted Stock Units intended to be a Qualified Performance-Based Award will provide for such early lapse or 8 modification of the Restriction Period (other than in connection with the death or disability of the Participant or a Change in Control) to the extent such provisions would cause such award to fail to be a Qualified Performance-Based Award. (d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the shares of Common Shares Stock deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current or deferred and or contingent basis, either in cash or in additional shares of Common Shares; Stock; provided, however, that dividend equivalents or other distributions on shares of Common Shares Stock underlying Restricted Stock Units shall with restrictions that lapse as a result of the achievement of Management Objectives will be deferred until and paid contingent upon the vesting achievement of such Restricted Stock Units. the applicable Management Objectives. (e) Each grant or sale of Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in shares of Common Shares Stock or cash, or a combination thereof. (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. View More